GIFP BUSINESS PARK

The Business Park of Giurgiulesti International Free Port provides investors an excellent location on the border with the European Union, in a low cost environment, with tri-modal transport infrastructure and a unique tax and customs framework.

Investors can set up their businesses within the business park by leasing land, offices, warehouses or open storage facilities. In addition, Danube Logistics SRL offers potential investors associated services ranging from logistics to various support and administrative services.

Investor Questionnaire

Inexpensive, Multi-lingual Labor Force

Moldova has a population of 3.6 million (2016). Out of that totak, 70% of the population is multi-lingual, and 80% attain secondary education. The average monthly wage is about USD 370/EUR 300.

Proximity to EU, CIS and Turkish Markets

From Moldova exporters can easily reach EU single market with 508 million consumers, the CIS + Ukraine market with 282 million consumers as well as the Turkish market with 80 million consumers.

Fast Growing Emerging Market
In 2017 the Republic of Moldova achieved an economic growth of 4.5%, agricultural production increased by  8.6% and industrial production increased by 4.2% (change 12 months!!!).

Free Trade Regimes

Since 2001 the Republic of Moldova is a full-right member of the WTO. In addition Moldova has signed Free Trade Agreements with 43 countries: EU-28 member states (DCFTA), CIS member-states, Members of Central European Free Trade Agreement and Turkey. Furthermore Moldova benefits from preferential trade agreements with Norway, Canada, Switzerland, Japan and USA.

Investment Opportunities

There are numerous investment opportunities in the agriculture, manufacturing and logistics sectors.

Agriculture and Food Processing
Moldova possesses over 2.5 million hectares of highly fertile agricultural land and sufficient water resources. This, together with the favorable climatic conditions and the predominantly well-educated and inexpensive work force, as well as the free trade regimes, form favorable conditions for investments.

Manufacturing
The combination of well-educated, inexpensive workforce and free trade agreements calls for lucrative investments in labor intensive industries (i.e. automotive suppliers, textile industry etc).

Logistics
Moldova serves as an: ideal location for storage and distribution of goods to Central, Eastern European, CIS and Turkish markets; good connection by road, sea, river, narrow-gauge rail and broad-gauge rail network, as well as air.

 

Tax Incentives & Favorable Customs Regime

The favorable tax and customs regime applicable to GIFP Business Park residents can be summarized as follows:

  • 75% reduction of corporate income tax during the first 10 years of operation (currently 3% instead of 12%) and a 50% reduction for the remaining period until 2030;
  • exemption from excise taxes and import VAT;
  • exemption from import and export duties;
  • exemption of import duties into the rest of Moldova for goods that originate from Giurgiulesti International Free Port;
  • exemption of foreign employees from social insurance contributions;

Unlike in Moldovan free economic zones, where activities are typically limited to certain types of activities, the residents of GIFP Business Park have the right to undertake any activity that is ordinarily allowed in Moldova. Investors may also be 100% foreign owned, freely repatriate their profits and are not subject to revenue based administration fees or minimum investment obligations.

Quality of GIFP Business Park Infrastructure

GIFP Business Park is a green field development with newly constructed utility and road infrastructure. All land plots leased by residents benefit from road electricity, water, gas and fibre-optic telecommunication connections.

Low Operating Expenses

With an official average wage of only 370USD/300 EUR per month, Moldova’s multi-lingual labor force remains the most competitive labor force in Europe. Against this background Moldova has developed as a favorable location for companies active in labor intensive manufacturing, e.g. textile companies, automotive suppliers and call centers.

Apart from favorable payroll expenses, GIFP Business Park residents also benefit from relatively inexpensive utility charges:

Electricity — 1,40 MDL (0.11 $) per kWh for 6-10 kV; 1.38 MDL (0.12 $) per kWh for 0.4 kV
Gas — 4,8950 MDL (0.34 $) per m³ low pressure

Available Human Resources
GIFP Business Park close proximity to Romania (Galati 17km) and Ukraine (Reni 8km) attracts work force not only from Moldova but also from Romania and Ukraine.

Moldova (up to 60 km) – 100,000 population
Galati (Romania – 17 km) – 330,000 population
Reni region, Ukraine (8 km) – 41,000 population

Lease of Land

There is a selection of land available for long-term leases connected to electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.

Lease of Warehouse, Open Storage and Production Facilities

A selection of types of warehouses, open storage halls or production facilities that are offered for short or long — term lease within GIFP Business Park. All areas are connected to basic necessary infrastructure such as electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.

Lease of Offices

There are small and large office spaces available for short-to long-term leases within GIFP Business Park. All offices are connected to electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.

Advisory Services

Upon request the management of GIFP Business Park will provide residents and potential residents with advisory services on issues ranging from the incorporation of a company in Moldova, permitting and other legal matters, project management, construction permitting/management, procurement issues as well as recruitment of human resources.


latest news
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12.11.2019
Presenting Opportunities for Gagauzian Companies at the Invest Gagauzia 2019 Forum

On 9 November 2019 Danube Logistics Srl was invited at Invest Gagauzia 2019, the V — International Investment Forum of Gagauzia. General Director Dr. Mathias von Tucher presented the activities and future plans of the Giurgiulesti International Free Port and highlighted the opportunities for both Gagauzia and the port. Mathias von Tucher was honored having the opportunity to discuss the development potentials with Bashkan Irina Vlah personally.

 

Already today there are many companies from Gagauzia using the Giurgiulesti International Free Port as gateway to international markets. To the main Gagauzian clients belong exporters of grain and exporters of wine as well as importers of raw materials for the manufacture of various products such as fiberglass and tiles and importers of finished products such as tires.

 

The M3 road connection between Gagauzia and the port is currently under rehabilitation and certain sections will be built completely newly. After planned finalization in 2020/2021 the new road will shorten the distance and enhance the transport conditions resulting in increased transport volumes.

 

Mathias von Tucher informed the participants about the planned expansion of the general cargo terminal. Companies that are interested to transship their cargo via the expanded terminal can request additional information from Danube Logistics SRL’s office in Chisinau.

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24.10.2019
Danube Logistics SRL plans to double the capacity of its dry cargo terminal at Giurgiulesti International Free Port

Danube Logistics SRL plans to expand the capacity of its dry cargo terminal to about 1.5 million tons per annum. Mathias von Tucher, the general director of Danube Logistics SRL, discussed the company’s investments plans with the Minister for Economy and Infrastructure Vadim Brinzan during his joint visit of Giurgiulesti International Free Port with the Ambassador of the USA, Derek J Hogan.

The expansion measures will be implemented over a period of three years and will include the purchase of additional equipment as well as the construction of an additional berth with a minimum water depth of 7m. The additional investments of about USD 10m in its open-access dry cargo terminal will enable Danube Logistics SRL to accommodate the increasing demand for the transshipment of grain, fertilizer, coal, steel products, construction material and other dry cargo. Companies that are interested to transship their cargo via the expanded terminal can request additional information from Danube Logistics SRL’s office in Chisinau.

In 2018 transshipments via Giurgiulesti International Free Port reached for the first time more than one million tons, which facilitated imports from 33 countries and exports to 53 countries. Danube Logistics SRL is a wholly owned subsidiary of the Dutch company Danube Logistics Holding BV, which shares the economic interests related to its shareholding in Danube Logistics SRL with the EBRD. Danube Logistics SRL is the largest investor in Giurgiulesti International Free Port investing in liquid and dry cargo terminals as well as in the development of the port’s business park.

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24.07.2019
MEETING WITH CHINESE DELEGATION FROM TIANJIN

On 22nd of July 2019 the General Director of Danube Logistics, Mathias von Tucher, presented the Giurgiulesti International Free Port (GIFP) to a delegation from Tianjin Municipal Bureau of Commerce and from the port of Tianjin as well as to representatives of the Chinese Embassy in Moldova. GIFP plays a vital role for the trade relations between Moldova and China and the business park is an interesting location for Chinese investors. In addition Danube Logistics already has an excellent long-term cooperation with the Chinese Cosco shipping lines.

The event was organized by the Moldova-China Chamber of Commerce (MCCC) represented by its President Victor Durlesteanu. It was the first event following the recent conclusion of a Memorandum of Understanding between Danube Logistics and MCCC.

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